Schedule G-2 Template - Exceptions To The Addback Of Interest (Page 3 of 3) in pdf

NAME AS SHOWN ON RETURN

FEDERAL ID NUMBER

SCHEDULE G-2 PART II

EXCEPTIONS TO THE ADDBACK OF INTANGIBLE EXPENSES AND COSTS

Claim for an exception to the requirement under N.J.S.A. 54:10A-4.4b to add back to entire net income intangible expenses and costs including

intangible interest expenses and costs, paid, accrued, or incurred to a related member(s).

Intangible Expenses and Costs

Exception 1 - Amounts Paid, Accrued, or Incurred to a Related Member(s) in a Foreign Nation

1. Were any of the intangible expenses and costs, including intangible interest expenses and costs reported on Schedule G, Part II of the CBT-100 or CBT-

100S return directly or indirectly paid, accrued or incurred to a related member in a foreign nation which has in force a comprehensive income tax treaty

with the United States?

“Yes” or “No” _______________________. If “Yes”, complete the following schedule. If “No”, you do not qualify for this exception.

Name of Related Member

Name of Foreign Nation

Description of Treaty

Amount Deducted

(a) Total - enter here and on line 1 of the Total Exceptions Chart for Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exception 2 - Intangible Expenses and Costs Paid, Accrued, or Incurred to Related Corporations Filing in New Jersey

If claiming this exception for more than one related member, complete Exception 2 for each related member and enter the total for all related members in the

Total Exceptions Chart.

Name of Related Member: ______________________________________________________________________________________________________

FID # of Related Member: _______________________________________________________________________________________________________

Fiscal Period of Related Member: ________________________________________________________________________________________________

1. Were any of the intangible expenses and costs including intangible interest expenses and costs reported on Schedule G, Part II of the CBT-100 or CBT-

100S return directly or indirectly paid, accrued or incurred to the above related member and included in a New Jersey CBT-100 or CBT-100S return, filed

by the related member? “Yes” or “No” ______________________________. If “Yes”, answer question #2. If “No”, you do not qualify for this exception.

2. Was the tax liability of the related member greater than the statutory minimum tax? “Yes” or “No” _______________________. If “Yes”, complete the

following schedule. If “No”, you do not qualify for this exception.

Column A

Column B

Taxpayer

Related Member

1. Enter in column A and column B the amount of intangible expenses and costs claimed

by the taxpayer as being deductible . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Enter entire net income of related member from line 1, page 1 of New Jersey CBT-100

or CBT-100S return. IF THE AMOUNT ON LINE 2 IS ZERO OR LESS, STOP HERE.

THE EXCEPTION AMOUNT TO BE ENTERED ON LINE 8 IS ZERO, OTHERWISE

PROCEED TO LINE 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Enter the lesser of line 1, column B or line 2, column B . . . . . . . . . . . . . . . . . . . . . .

4. Enter the respective allocation factors from line 2, page 1 of the New Jersey CBT-100

or CBT-100S return. If non-allocating, then enter 1.00 . . . . . . . . . . . . . . . . . . . . . . .

5. Multiply line 1 by line 4 for column A, and line 3 by line 4 for column B. Enter the

result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6. Enter the respective tax rates from line 9, of the New Jersey CBT-100 or line 4 of

CBT-100S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. Multiply line 5 by line 6 and enter the result here . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. Exception 2 amount - if line 7, column B is greater than line 7, column A, enter the

amount from line 1, column A, otherwise divide the amount on line 7, column B by line

6, column A, and then divide that result by line 4, column A. Enter result here and on

line 2 of the Total Exceptions Chart for Part II. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total Exceptions Chart for Part II

1. Exception 1 - Enter amount from line (a) of Schedule G-2, Part II, Exception 1 . . . . . . . . . . . . . . . . . . . . .

2. Exception 2 - Enter amount from line 8, of Schedule G-2, Part II, Exception 2 . . . . . . . . . . . . . . . . . . . . . .

3. Total Part II Exceptions - Add lines 1 and 2. Enter total here an on line (b) of Schedule G, Part II . . . . . . .

Schedule G-2 Template - Exceptions To The Addback Of Interest Page 3

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